Calamos Antetokounmpo Correlations

SRORX Fund

11.88 0.21 1.74%

The current 90-days correlation between Calamos Antetokounmpo and Davis Financial Fund is 0.03 (i.e., Significant diversification). The correlation of Calamos Antetokounmpo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Calamos Antetokounmpo Correlation With Market

Very poor diversification

The correlation between Calamos Antetokounmpo Sustaina and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calamos Antetokounmpo Sustaina and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Calamos Antetokounmpo Sustainable. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Calamos Mutual Fund

0.94	SROIX	Calamos Antetokounmpo	Pair Corr
1.0	SROAX	Innealta Capital Sector	Pair Corr
1.0	SROCX	Calamos Antetokounmpo	Pair Corr
0.96	CVAIX	Calamos Opportunistic	Pair Corr
0.94	CVACX	Calamos Opportunistic	Pair Corr
0.96	CVAAX	Calamos Opportunistic	Pair Corr
0.95	CVGRX	Calamos Growth	Pair Corr
0.85	CVGCX	Calamos Growth	Pair Corr
0.89	CVLOX	Calamos Global Growth	Pair Corr
0.87	CVLCX	Calamos Global Growth	Pair Corr
0.97	CVTCX	Calamos Growth Income	Pair Corr
0.97	CVTRX	Calamos Growth Income	Pair Corr
0.89	CGCIX	Calamos Global Growth Potential Growth	Pair Corr
0.9	CGEOX	Calamos Global Equity	Pair Corr
0.97	CGIOX	Calamos Growth And	Pair Corr
0.97	CGIIX	Calamos Growth Income	Pair Corr
0.96	CGRIX	Calamos Growth	Pair Corr
0.98	CIDVX	Calamos Dividend Growth	Pair Corr
0.92	CICVX	Calamos Convertible	Pair Corr
0.9	CIGEX	Calamos Global Equity	Pair Corr
0.99	CIHEX	Calamos Hedged Equity	Pair Corr

Moving against Calamos Mutual Fund

0.6

CSTIX

Calamos Short Term

Pair Corr

Related Correlations Analysis

	DVFYX	FAFSX	RMBLX	FIKBX	SBFAX	FTIXX	FNPIX	MCBXX
DVFYX		0.75	0.55	0.84	0.87	0.0	0.96	0.0	DVFYX
FAFSX	0.75		0.91	0.93	0.95	0.0	0.85	0.0	FAFSX
RMBLX	0.55	0.91		0.85	0.84	0.0	0.72	0.0	RMBLX
FIKBX	0.84	0.93	0.85		0.91	0.0	0.94	0.0	FIKBX
SBFAX	0.87	0.95	0.84	0.91		0.0	0.92	0.0	SBFAX
FTIXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FTIXX
FNPIX	0.96	0.85	0.72	0.94	0.92	0.0		0.0	FNPIX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MCBXX
	DVFYX	FAFSX	RMBLX	FIKBX	SBFAX	FTIXX	FNPIX	MCBXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FNPIX	+ 0.96	DVFYX
SBFAX	+ 0.95	FAFSX
FNPIX	+ 0.94	FIKBX
FIKBX	+ 0.93	FAFSX
FNPIX	+ 0.92	SBFAX
RMBLX	+ 0.91	FAFSX

High negative correlations

MCBXX	- 0.0	FNPIX
MCBXX	- 0.0	FTIXX
FNPIX	- 0.0	FTIXX
MCBXX	- 0.0	SBFAX
FTIXX	- 0.0	SBFAX
MCBXX	- 0.0	FIKBX

Risk-Adjusted Indicators

There is a big difference between Calamos Mutual Fund performing well and Calamos Antetokounmpo Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Calamos Antetokounmpo's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DVFYX	0.80	0.09	0.12	8.07	1.04	(0.82)	1.65	(1.41)	6.47
FAFSX	0.85	0.04	0.00	(0.02)	0.00	0.00	1.71	(2.07)	6.26
RMBLX	1.04	(0.04)	0.00	(0.09)	0.00	0.00	2.20	(2.08)	6.78
FIKBX	0.85	(0.02)	0.00	0.59	0.00	0.00	1.73	(1.95)	6.29
SBFAX	0.73	0.06	0.06	0.01	1.01	(0.79)	1.69	(1.68)	5.22
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNPIX	1.19	0.09	0.08	1.84	1.65	(1.25)	2.66	(2.77)	9.08
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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